Do top management team diversity and chief sustainability officer make firms greener? Moderating role of top management team behavioral integration

Hammad Bin Azam Hashmi, Cosmina L. Voinea, Marjolein Caniëls, Ward Ooms and Kashif Abbass

Sustainable Development, 2023, vol. 31, issue 4, 2536-2547

Abstract: Achieving green innovation goals is a challenging task. Several scholars have tried to explore the important determinants of green innovation; however, this concept needs further exploration from the corporate governance perspective. Hence, this study aims at determining the role of a firm's top management team (TMT) composition regarding green innovation. Specifically, we explore the impact of TMT diversity and the presence of a chief sustainability officer (CSO) on green innovation with moderating role of TMT behavioral integration. Data was collected from the hotels' top management in Pakistan. The findings reveal that TMT diversity, CSO, and TMT behavioral integration positively impact green innovation. However, the impact of TMT diversity on green innovation will be stronger with TMT behavioral integration. This study adds value to the upper echelon theory and the literature on green innovation. That is followed by the managerial implications.

Date: 2023
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https://doi.org/10.1002/sd.2529

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Persistent link: https://EconPapers.repec.org/RePEc:wly:sustdv:v:31:y:2023:i:4:p:2536-2547

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